Becoming an Axis Bank Loan Agent is an excellent entry into distributing loans, leveraging the confidence of a well-known financial institution, and earning attractive commissions. DSA agents for Axis Bank are essential intermediaries between potential borrowers and the bank. Thus, it will smooth the Axis Bank DSA registration process for an agent since there is already knowledge of the basic requirements.
This article will discuss the eligibility requirements, essential documents, and the Axis Bank DSA Registration procedure.
Axis Bank DSA Registration
A Direct Selling Agent (DSA) serves as a link between Axis Bank and potential clients. A DSA facilitates the process of sourcing loans, verifying customer details, and ensuring the documentation is accurate. Completing the Axis Bank DSA registration process puts agents in a position to enjoy attractive commission structures and rewarding partnerships. As a loan DSA agent, you have very lucrative earnings for each successful disbursal of a referred loan by Axis Bank.
Step-by-Step Guide on Axis Bank DSA Registration
Follow these steps to register as a DSA with Axis Bank successfully:
Step 1: Role of an Axis Bank DSA
Before initiating the Axis Bank DSA Agent Registration process, it is essential to understand what a DSA Agent is.
- Sourcing Leads: Identifying and establishing contact with potential clients who need loan services.
- Assisting with Documentation: Helping clients prepare and submit required documents for their loan applications.
- Guiding Clients: Providing detailed information on different loan products and choosing the best fit for the client’s needs.
Eligibility Requirements
Here is a checklist of documents required to apply for Axis Bank DSA Agent:
- Citizenship: You must be an Indian citizen.
- Age: You must be at least 18 years old.
- A factor of a good credit score is desirable, as it can be helpful just the same. Having a bad credit can stop you from getting some opportunities.
- Training: You will undertake on-the-job training modules Axis Bank provides to learn about their products and marketing strategies.
Step 2: Prepare Necessary Documentation
Here’s a checklist of documents you’ll need to apply for Axis Bank DSA Agent:
- Identity proof: PAN card, Aadhaar card, voter ID, or passport
- Address proof: Passport, driving licence, utility bills, or licence agreement
- Income proof: Salary slips, business address proof, or payment invoices
- Tax details: Form 16 and other income tax documents
- Bank account details: Latest three months’ bank transaction details
- Registration form: Axis Bank DSA Registration form captures your personal and financial information details.
- Two passport-size photographs
- GST registration: If applicable
Step 3: Visit the Axis Bank DSA Registration Page
To apply, visit the official Axis Bank DSA website or any Axis Bank branch. If you need to learn how to start, call Axis Bank’s customer service for assistance related to registering as a DSA with Axis Bank.
Another most straightforward way is to reach out to a registration channel partner; one can register with a well-known Corporate DSA firm such as Ruloans. Ruloans make the Axis Bank DSA Registration process easy and accessible to several banks, including Axis Bank, with training and support for quicker onboarding and attractive commissions (payouts).
Step 4: Submit the Application
Fill in the personal and business details in the Axis Bank DSA Application form.
You must choose the specific products you want to market /promote, (eg, home loans, car loans, personal loans, credit cards).
Attach the required documents and send the application online or offline by email with copies or in person with original documents.
Step 5: Verification and Background Check:
Axis Bank would do an elaborate verification process, document verification and background checks before your application to become an Axis Bank Loan Agent is approved.
Step 6: Training and Onboarding:
If your application is approved, you will be invited to attend training designed to help you understand your role and responsibilities and the loan products offered by Axis Bank. Training will ensure you know how to effectively market and sell the bank’s loan products.
Step 7: Agreement Signing:
Upon completing training, you will sign an Axis Bank DSA agreement that spells out your commission structure, terms of service and other legal obligations.
Please sign the agreement only after a careful review and complete satisfaction of the contents.
Step 8: Obtain Your DSA Code
Once the agreement signs, Axis Bank will provide you with a DSA code unique to your profile. This code will be essential in tracking your referrals and the commissions you earn. Instead, you may be granted access to some exclusive portal or software through which leads can be managed and performance tracked.
Step 9: Start Promoting Axis Bank Products
Now that you have the DSA code, you are good to go to start selling financial products of Axis Bank.
- Use your network to identify potential customers.
- Market products effectively through offline and online channels.
- Guide customers through the application process.
- Ensure compliance with Axis Bank’s policies.
Final Words!
Becoming a loan agent with Axis Bank is simple but can be very lucrative. The following steps will help you use the loan portfolio of Axis Bank to earn good commissions. To further ease your work, you may get associated with Ruloans, a reputed brand in the world of loan distribution. This partnership will make your Axis Bank DSA Registration easier and quicker, making your journey towards success as a DSA loan agent faster.
